Roman Butler Fullerton & Co. Makes New Investment in Sandisk Corporation $SNDK

Roman Butler Fullerton & Co. acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 402 shares of the data storage provider’s stock, valued at approximately $673,000.

Several other large investors have also made changes to their positions in the company. Osaic Holdings Inc. purchased a new position in Sandisk in the second quarter valued at about $317,000. Merit Financial Group LLC bought a new position in Sandisk during the 3rd quarter valued at $408,000. Dimensional Fund Advisors LP bought a new position in shares of Sandisk during the third quarter worth about $100,080,000. First Trust Advisors LP acquired a new position in shares of Sandisk in the 3rd quarter worth approximately $9,788,000. Finally, Blair William & Co. IL bought a new stake in Sandisk during the third quarter valued at $591,000.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group reaffirmed an “overweight” rating and issued a $1,750.00 target price on shares of Sandisk in a research report on Friday. Argus upgraded Sandisk from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Mizuho set a $1,900.00 target price on shares of Sandisk in a report on Friday. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Finally, Raymond James Financial restated an “outperform” rating and issued a $1,470.00 price target on shares of Sandisk in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $1,999.27.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk outlined an ambitious long-term financial model, including approximately 80% gross margins, 75% operating margins, 50% free-cash-flow margins and mid-to-high-teens revenue growth through the end of the decade. Management also highlighted long-term customer agreements intended to reduce exposure to the traditional memory boom-and-bust cycle. SanDisk Surges 55% From its July Low: Wall Street Just Got a New Roadmap
• Positive Sentiment: J.P. Morgan began coverage with an Overweight rating and a $2,250 price target, while Wedbush reaffirmed Outperform with a $2,000 target. Evercore ISI also maintained its Buy rating and $2,800 target. The recommendations reinforce expectations for additional earnings growth and potential shareholder returns. Sandisk Stock Tops the S&P 500 as Analysts Rally Behind Its AI Expansion
• Positive Sentiment: Analysts are raising earnings estimates following strong quarterly results and the Investor Day presentation. The company’s latest quarter significantly exceeded consensus expectations, while AI data-center demand and new flash-storage products are viewed as key growth catalysts.
• Positive Sentiment: Broader market conditions also helped: softer inflation data reduced expectations for a September Federal Reserve rate hike, supporting technology and semiconductor stocks. A strong sector-wide memory rally amplified buying in SNDK.

Insider Transactions at Sandisk

In other news, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the transaction, the insider owned 30,915 shares of the company’s stock, valued at $35,928,176.40. This trade represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 3,800 shares of company stock valued at $6,504,856. Corporate insiders own 0.21% of the company’s stock.

Sandisk Stock Performance

Shares of SNDK opened at $1,641.11 on Monday. The company has a 50-day simple moving average of $1,667.87 and a 200-day simple moving average of $1,186.09. The firm has a market capitalization of $243.03 billion, a P/E ratio of 22.51, a P/E/G ratio of 0.16 and a beta of 5.21. Sandisk Corporation has a 52 week low of $42.82 and a 52 week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping the consensus estimate of $33.28 by $5.97. The company had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.Sandisk’s revenue for the quarter was up 371.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities analysts forecast that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk declared that its board has initiated a stock repurchase program on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in shares. This buyback authorization authorizes the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Sandisk Profile

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.